Vulcan Materials (NYSE:VMC) announced a quarterly dividend on Friday, October 11th, RTT News reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.31 per share by the construction company on Thursday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 0.84%.

Vulcan Materials has raised its dividend payment by an average of 40.9% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Vulcan Materials has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Vulcan Materials to earn $5.70 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 21.8%.

Shares of NYSE:VMC traded down $1.06 during trading on Friday, hitting $147.44. The company had a trading volume of 711,487 shares, compared to its average volume of 1,048,598. The stock has a market cap of $19.49 billion, a price-to-earnings ratio of 36.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92. Vulcan Materials has a one year low of $82.52 and a one year high of $152.49. The company has a fifty day simple moving average of $145.67 and a two-hundred day simple moving average of $134.27. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. On average, equities research analysts anticipate that Vulcan Materials will post 4.84 earnings per share for the current year.

Several equities research analysts have recently issued reports on VMC shares. Barclays raised their price objective on Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Longbow Research raised their price target on Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. raised their price target on Vulcan Materials from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Exane BNP Paribas began coverage on Vulcan Materials in a research note on Wednesday. They set an “underperform” rating for the company. Finally, Stifel Nicolaus raised their price target on Vulcan Materials from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $143.00.

In related news, insider Stanley G. Bass sold 2,406 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the sale, the insider now directly owns 35,263 shares of the company’s stock, valued at approximately $5,005,230.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stanley G. Bass sold 2,184 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $149.93, for a total value of $327,447.12. Following the sale, the insider now directly owns 35,263 shares of the company’s stock, valued at $5,286,981.59. The disclosure for this sale can be found here. Insiders have sold a total of 10,797 shares of company stock valued at $1,511,865 over the last three months. 0.79% of the stock is owned by corporate insiders.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Dividend History for Vulcan Materials (NYSE:VMC)

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